Tag: Corporate

BUREAU DE CHANGE OPERATIONS
BUREAU DE CHANGE OPERATIONS AND STRUCTURE IN NIGERIA: A NEW LEAF?
The Central Bank of Nigeria (CBN) has introduced a new regulatory framework for Bureau De Change (BDC) operations, aimed at stabilizing the foreign exchange market and curbing illicit financial flows. The guidelines introduce new licensing tiers, stricter...
Credit Protection
THE LEGAL FRAMEWORK FOR CREDIT GUARANTEE COMPANIES IN NIGERIA
Access to credit remains a major hurdle for MSMEs in Nigeria, often due to strict collateral requirements. Credit Guarantee Companies (CGCs) help bridge this gap by providing third-party loan guarantees. But what legal framework governs CGCs? This article...
Blockchain
KEY DEVELOPMENTS IN THE ADMINISTRATION OF NIGERIA’S PERSONAL DATA SECURITY LAWS
Since the enactment of Nigeria’s Data Protection Act in June 2023, the Nigeria Data Protection Commission has introduced key compliance directives, audit requirements, and classification guidelines for Data Controllers and Processors. Recent judicial...
bridge construction
AN APPRECIATION OF INSOLVENCY IN THE NIGERIAN CONSTRUCTION X REAL ESTATE INDUSTRY: A BRIEF DISCOURSE ON CAUSATION X PANACEA
Nigeria’s construction and real estate industries contributed ₦11.2 trillion to the GDP in Q1 2024, yet face liquidity challenges from inflation, exchange rate volatility, and project delays. This article explores the factors driving insolvency in these...
THE ROLE OF THE TAX OMBUDSMAN UNDER THE PROPOSED FISCAL REFORMS LAWS IN NIGERIA
THE ROLE OF THE TAX OMBUDSMAN UNDER THE PROPOSED FISCAL REFORMS LAWS IN NIGERIA
Could the creation of the Tax Ombud under the Joint Revenue Board Bill, 2024, be a game-changer for tax dispute resolution in Nigeria? While the Ombud promises fairness and accountability, limitations on its authority raise concerns. Is this a meaningful...
Judgment,And,Justice
REVIEW OF ARBITRAL AWARDS UNDER NIGERIA’s NEW ARBITRATION LAW
On May 26, 2023, former president, Muhammadu Buhari signed into law the Arbitration and Mediation Act, 2023 (the Act, or AMA 2023), repealing Nigeria’s 35-year-old Arbitration and Conciliation Act Chapter A.18, Laws of the Federation of Nigeria, 2004...
Eco fiscal system
Privacy Conversations on Lagos State’s Eco Fiscal System
The Lagos State Internal Revenue Service (LIRS) recently launched the Eco Fiscal System (EFS), a software integrated into Point of Sale (POS) machines to streamline tax collection in the hospitality industry. While this system promises greater transparency...
Scales of Justice and Market Graphs
Nigeria Competition Law Considerations in Negotiating Restrictive Agreements
On January 29, 2024, COMESA fined the Confederation of African Football (CAF) and BEIN Media Group LLC $300,000 for anti-competitive practices related to exclusive broadcasting rights. This landmark sanction highlighted significant competition restrictions...
Legal Administration
LESSONS LEARNT FROM NIGERIA’S FIRST COURT-ORDERED ADMINISTRATION: THE MOORHOUSE COMPANY LIMITED – PT 2
In our previous article, we examined Administration as a new insolvency option under Nigerian corporate law, using Moorhouse Company Limited\'s case as an example. Key points included appointing an Administrator, mandatory statutory procedures, and the...
SEC
A REVIEW OF THE SECURITIES AND EXCHANGE COMMISSION’S PROPOSED RULES ON THE ISSUANCE AND ALLOTMENT OF DEBT SECURITIES BY PRIVATE COMPANIES
Under previous Nigerian law, only public companies, statutory bodies, and banks could publicly offer or trade securities, while private companies were restricted. The 2023 Business Facilitation Act amended section 67(1) of the Investments and Securities...